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Hello StingerAlex
I thought your user name sounded familiar, I hope all is well.
As far as the 3,067 difference between what the school says was paid and what it shows as scholarships received, you'll need to do a little detective work on your own.
If you know that you received around 3,000 in your pocket, then you know where that excess went and you'd claim it as taxable income.
If you did not personally receive the 3,067 excess, look at your school account statements from 2019, 2020 and 2021. Try to match them to your 2020 1098-T.
SOMETIMES scholarship funds cross years. Did any of the scholarship posted on your 2020 1098T pay for tuition that the school billed in 2019? Did it prepay tuition for classes that started in 2021?
When you find where this "excess" scholarship went, WHERE IT WENT will make a difference.
If the 3,067 went to the school for 2020 tuition and is not accounted for on the 1098-T, click the selection "This is not what was paid to the school" under Box 1 on the 1098-T input screen and edit the amount.
If the 3,067 went to the school to pay for classes that started in 2021 and not included in Box 1, select "Some of the scholarship was designated for a different year". You'll find this screen in the TurboTax program as you go through the Education Section Interview.
If the 3,067 went for classes billed on your 2019 1098-T, you may again use the "Some of the scholarship was designated for a different year" screen. If the excess was used to pay expenses on your 2019 1098-T, make sure that amount was not used for a credit on your 2019 tax return.
If the excess was used to pre-pay expenses for 2021, make sure that amount is not used next year for a credit on your 2021 tax return.
If it was used for room and board, or refunded to you, you claim it as income.
Also check with your Student Aid office. They should be able to tell you where the funds went. They have an obligation to account for the funds and make sure you are clear as to what amount is going where. You might have a 3,067 credit hanging in your student account.
Thank you for using TurboTax and Good luck!
